President Trump boasted of a improving economy in a speech to small-business owners Tuesday. But those gains could be jeopardized by his escalating trade battles.
U.S. stock markets fell early Wednesday after China announced its latest round of retaliation in the escalating tit-for-tat tariff fight. But major indexes were all up by the end of the day.
The Dow fell more than 700 points before recovering to close down 1.9 percent. Amazon tumbled more than 5 percent after President Trump criticized the company in tweets.
Technology stocks ranging from Amazon to Facebook to Apple have been hammered in recent days, driving broader declines in the market. There are growing calls to regulate big tech companies.
U.S. stock indexes surged about 3 percent Monday after fears eased of a trade war with China. The two major trading partners reportedly are negotiating to improve U.S. access to Chinese markets.
The world's most popular music streaming service has announced its long-anticipated plan to debut on the New York Stock Exchange. Spotify's fate, however, isn't entirely in its own hands.
The Dow rebounded Friday, closing up more than 300 points. But the index lost about 5 percent for the week as the markets focused on inflation and ballooning government debt.
Wall Street's roller coaster continued Thursday, with all the major stock indexes posting drops of about 4 percent amid inflation concerns. The market has now tumbled 10 percent from its recent peak.
President Trump's top economic adviser Kevin Hassett says that despite recent large drops in the stock market, "the fundamentals for the economy are very sound."